Annual Report for the FY 2025-26

BIHAR SPONGE IRON LIMITED REGISTERED OFFICE & PLANT : UMESH NAGAR, CHANDIL-832401, DISTT. SARAIKELA- KHARSAWAN, JHARKHAND Ph. +91 9955542302, E-mail: companysecretary@bsil.org.in / bsilchandil@gmail.com Website : www.bsil.org.in CIN: L27106JH1982PLC001633 3rd September, 2026 The Manager Listing BSE Limited 25th Floor, P. J. Towers, Dalal Street, Mumbai-400001 Scrip Code: 500058 Sub: Notice of 44th Annual General Meeting (“AGM”) and Annual Report for the Financial Year 2025-26 of Bihar Sponge Iron Limited (the “Company”) Dear Sir/Ma’am, This is to inform you that the 44th AGM of the Members of the Company is scheduled to be held on Monday, 28th September, 2026 at 03:30 P.M. (IST) through video conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”). Notice convening the 44th AGM Notice and the Annual Report of the Company, for the Financial Year 2025-26, are being sent through electronic mode to all the members whose email address is registered with the Compay/Company’s RTA/ Depository / Depository Participant(s). Further, in accordance with the Regulation 36(1)(b) of the SEBI (LODR) Regulations, 2015, an Inland letter containing the web-link for accessing the notice of 44th AGM and Annual Report for Financial Year 2025-26 and request to complete their KYC, will also be sent to physical shareholders and other shareholders who have not registered their email IDs. Notice and Annual Report of the 44th AGM are attached and the same are also available on the Company’s website at https://www.bsil.org.in. This is for your Information and records. Thanking you, Yours faithfully, For Bihar Sponge Iron Limited Vimal Prasad Gupta Company Secretary & Compliance Officer Attached: As above BRANCH OFFICE : 11, CIRCUIT HOUSE AREA (EAST) ROAD NO. 9, JAMSHEDPUR – 831001. BSIL NOTICE BIHAR SPONGE IRON LIMITED CIN: L27106JH1982PLC001633 Registered Office: Umesh Nagar, Chandil, Dist. Saraikela-Kharsawan, Jharkhand-832401 Ph.: +91 9955542302, E-mail: companysecretary@bsil.org.in, Website: www.bsil.org.in NOTICE Notice is hereby given that the 44th Annual General Meeting of the members of Bihar Sponge Iron Limited will be held on Monday, 28th September, 2026 at 03:30 P.M. (IST) through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”) to transact the following business: ORDINARY BUSINESS: 1. To receive, consider and adopt the Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026, together with the Report of the Board of Directors and the Auditors thereon. To consider, and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT Audited Financial Statement of the Company for the Financial Year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon, as circulated to the Members, be and are hereby considered and adopted.” 2. To appoint Mr. Jayesh Modi (DIN: 02849637), who retires by rotation as a Director and being eligible, offers himself for re-appointment. To consider, and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT in accordance with the provisions of Section 152 and other applicable provisions of the Companies Act, 2013, Mr. Jayesh Modi (DIN: 02849637), who retires by rotation at this meeting, be and is hereby re-appointed as a Director of the Company.” SPECIAL BUSINESS: 3. To approve Material Related Party Transactions with Related Party of the Company. To consider, and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Regulation 23 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), as amended from time to time and Section 188 and all other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) read with Companies (Meetings of Board and its Powers) Rules, 2014 (including any statutory modification(s) or re-enactment(s) or amendment(s) thereof for the time being in force), Company’s Policy on related party transactions and subject to such other approval(s), consent(s), permission(s) and sanctions of any authorities as may be necessary and on the basis of recommendation of Audit Committee and Board of Directors of the Company, consent of the members be and is hereby accorded to enter/ continue to enter into the contracts/ arrangements/ agreements, material related party transactions (whether by way of individual transaction or transaction taken together or series of transactions or otherwise) with the Related Parties as defined under section 2(76) of the Act and Regulation 2(1)(zb) of the Listing Regulations, with respect to sale, purchase or supply of any goods or materials, selling or otherwise disposing of or buying, leasing of property of any kind, availing or rendering of any services or any other transactions of whatever name/nature, giving and taking of ICD’s and creation of Charge in favour of Related Party on such terms and conditions as may be mutually agreed upon between the Board of Directors of the company and the related party Moderate Leasing & Capital Services Limited, such that the maximum value of the related party transactions with such parties, in aggregate does not exceed the value specified under each category as mentioned in the explanatory statement, provided that the related party transaction shall be carried out at in ordinary course of business and at arm’s length basis. PB 1 BSIL NOTICE RESOLVED FURTHER THAT the Board be and is hereby authorized to do all such acts, deeds, matters and things; to finalize or vary the terms and conditions of the transactions with the aforesaid party; and to execute or authorize any person to execute all such documents, instruments and writings as may be considered necessary, relevant, usual, customary, proper and / or expedient for giving effect to this resolution and to settle all questions, difficulties or doubts that may arise in this regard at any stage without requiring the Board to secure any further consent or approval of the Members of the Company and that the Members shall be deemed to have given their approval thereto expressly by the authority of this resolution for the purpose of giving effect to this Resolution. RESOLVED FURTHER THAT all actions taken by the Board of Directors/Company in connection with any matter referred to or contemplated in the resolution, including day to day transactions (debit/credit) with the related party, be and are hereby approved, ratified and confirmed in all respects.” 4. To ratify the remuneration of Cost Auditors for the Financial Year ending 31st March 2027. To consider, and if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 148 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Audit and Auditors) Rules, 2014 (including any statutory modifications(s) or re-enactments(s) thereof for the time being in force), the remuneration payable to M/s. M.K. Singhal & Co., Cost Accountants (Firm Registration No. 00074), appointed by the Board of Directors on the recommendation of the Audit Committee, as Cost Auditors of the Company for the Financial Year ended 31st March, 2027, amounting to Rs. 1,00,000/- (Rupees One Lakh only) plus applicable taxes and reimbursement of out-of-pocket expenses incurred in connection with the aforesaid audit, be and is hereby ratified.” For & on behalf of the Board of Bihar Sponge Iron Limited Umesh Kumar Modi Place : London Chairman & President Date: 14th August, 2026 DIN: 00002757 Registered Office Address: Bihar Sponge Iron Limited Umesh Nagar, Chandil,Distt.-Saraikela-Kharswan, Jharkhand-832401. CIN: L27106JH1982PLC001633 companysecretary@bsil.org.in www.bsil.org.in NOTES: 1. The Ministry of Corporate Affairs (“MCA”) has vide its circular nos. 14/2020 dated April 8, 2020, 17/2020 dated April [Showing first 8,000 characters — download PDF for full document]